Can I retire at age 30 with 3,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$255,995$253,715$251,490$249,319$247,198$242,604
2 years$126,730$124,370$122,083$119,865$117,714$113,102
3 years$83,648$81,277$78,996$76,799$74,682$70,197
4 years$62,110$59,747$57,489$55,329$53,264$48,940
5 years$49,192$46,843$44,613$42,498$40,490$36,340
6 years$40,582$38,251$36,054$33,986$32,039$28,066
7 years$34,434$32,123$29,961$27,942$26,056$22,263
8 years$29,826$27,535$25,410$23,440$21,616$18,001
9 years$26,243$23,974$21,885$19,965$18,204$14,764
10 years$23,379$21,132$19,080$17,210$15,511$12,244
11 years$21,037$18,813$16,798$14,978$13,340$10,242
12 years$19,087$16,885$14,908$13,138$11,560$8,627
13 years$17,438$15,259$13,319$11,599$10,080$7,307
14 years$16,026$13,870$11,967$10,296$8,836$6,218
15 years$14,803$12,671$10,805$9,182$7,780$5,312
16 years$13,734$11,625$9,796$8,222$6,876$4,552
17 years$12,792$10,706$8,914$7,387$6,097$3,912
18 years$11,956$9,893$8,137$6,657$5,421$3,369
19 years$11,208$9,169$7,449$6,015$4,832$2,907
20 years$10,536$8,520$6,837$5,448$4,316$2,513
21 years$9,929$7,936$6,288$4,945$3,862$2,175
22 years$9,377$7,408$5,796$4,496$3,462$1,885
23 years$8,875$6,929$5,351$4,094$3,108$1,635
24 years$8,415$6,492$4,949$3,734$2,793$1,419
25 years$7,992$6,092$4,584$3,410$2,514$1,233
26 years$7,603$5,726$4,251$3,118$2,264$1,072
27 years$7,243$5,389$3,948$2,854$2,041$933
28 years$6,909$5,078$3,670$2,615$1,842$812
29 years$6,599$4,790$3,415$2,398$1,663$707
30 years$6,310$4,524$3,181$2,201$1,503$616
31 years$6,041$4,276$2,966$2,021$1,359$537
32 years$5,788$4,046$2,767$1,858$1,229$468
33 years$5,552$3,832$2,584$1,708$1,112$408
34 years$5,329$3,632$2,414$1,572$1,007$356
35 years$5,120$3,445$2,257$1,447$912$310
36 years$4,924$3,270$2,111$1,333$826$271
37 years$4,738$3,105$1,976$1,228$749$236
38 years$4,562$2,951$1,850$1,132$679$206
39 years$4,396$2,806$1,734$1,043$616$180
40 years$4,238$2,670$1,625$962$559$157
41 years$4,089$2,542$1,524$888$507$137
42 years$3,947$2,420$1,429$819$460$120
43 years$3,812$2,306$1,341$756$417$104
44 years$3,683$2,198$1,259$698$379$91
45 years$3,561$2,096$1,182$645$344$80
46 years$3,444$2,000$1,110$596$312$70
47 years$3,333$1,908$1,043$550$283$61
48 years$3,226$1,822$980$509$257$53
49 years$3,124$1,740$921$470$234$46
50 years$3,027$1,662$866$435$212$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $3,100,000, adding $4,169 every year, while hoping to spend $33,663 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/47/7 Blend
29$3,100,000$3,100,000$3,100,000$3,100,000
30$3,420,500$3,256,200$3,208,150$3,571,107
31$3,733,574$3,379,937$3,279,806$3,798,901
32$4,077,453$3,508,608$3,352,734$4,042,016
33$4,455,244$3,642,421$3,426,942$4,304,953
34$4,870,370$3,781,590$3,502,435$4,589,551
35$5,326,600$3,926,340$3,579,218$4,897,833
36$5,828,088$4,076,906$3,657,297$5,232,022
37$6,379,410$4,233,531$3,736,674$5,594,557
38$6,985,608$4,396,473$3,817,351$5,988,121
39$7,652,237$4,565,997$3,899,329$6,415,661
40$8,385,415$4,742,381$3,982,607$6,880,416
41$9,191,887$4,925,917$4,067,183$7,385,947
42$10,079,080$5,116,907$4,153,054$7,936,171
43$11,055,180$5,315,669$4,240,215$8,535,391
44$12,129,205$5,522,534$4,328,659$9,188,343
45$13,311,092$5,737,846$4,418,378$9,900,234
46$14,611,790$5,961,967$4,509,360$10,676,790
47$16,043,362$6,195,274$4,601,593$11,524,312
48$17,619,102$6,438,159$4,695,063$12,449,732
49$19,353,656$6,691,034$4,789,753$13,460,676
50$21,263,162$6,954,328$4,885,644$14,565,534
51$23,365,404$7,228,490$4,982,713$15,773,543
52$25,679,978$7,513,988$5,080,935$17,094,863
53$28,228,473$7,811,311$5,180,284$18,540,679
54$31,034,683$8,120,971$5,280,730$20,123,303
55$34,124,824$8,443,502$5,382,237$21,856,284
56$37,527,784$8,779,462$5,484,770$23,754,541
57$41,275,397$9,129,434$5,588,289$25,834,493
58$45,402,738$9,494,027$5,692,748$28,114,221
59$49,948,463$9,873,880$5,798,100$30,613,628
60$54,955,162$10,269,656$5,904,292$33,354,630
61$60,469,771$10,682,052$6,011,269$36,361,359
62$66,544,010$11,111,794$6,118,968$39,660,387
63$73,234,870$11,559,643$6,227,325$43,280,973
64$80,605,154$12,026,393$6,336,268$47,255,341
65$88,724,068$12,512,874$6,445,720$51,618,975
66$97,667,872$13,019,954$6,555,601$56,410,957
67$107,520,603$13,548,540$6,665,822$61,674,328
68$118,374,867$14,099,582$6,776,290$67,456,493
69$130,332,712$14,674,069$6,886,904$73,809,662
70$143,506,590$15,273,041$6,997,557$80,791,346
71$158,020,423$15,897,580$7,108,135$88,464,887
72$174,010,765$16,548,820$7,218,517$96,900,061
73$191,628,098$17,227,948$7,328,572$106,173,722
74$211,038,249$17,936,202$7,438,164$116,370,535
75$232,423,954$18,674,879$7,547,146$127,583,760
76$255,986,584$19,445,336$7,655,363$139,916,135
77$281,948,048$20,248,989$7,762,649$153,480,836
78$310,552,882$21,087,323$7,868,831$168,402,544
79$342,070,562$21,961,888$7,973,723$184,818,612
80$376,798,046$22,874,307$8,077,130$202,880,361
81$415,062,577$23,826,278$8,178,844$222,754,498
82$457,224,770$24,819,576$8,278,645$244,624,688
83$503,682,020$25,856,059$8,376,303$268,693,276
84$554,872,250$26,937,669$8,471,573$295,183,195
85$611,278,045$28,066,440$8,564,196$324,340,061
86$673,431,209$29,244,500$8,653,901$356,434,487
87$741,917,784$30,474,072$8,740,398$391,764,624
88$817,383,583$31,757,486$8,823,386$430,658,975
89$900,540,283$33,097,178$8,902,545$473,479,483
90$992,172,150$34,495,698$8,977,538$520,624,940
91$1,093,143,435$35,955,713$9,048,011$572,534,741
92$1,204,406,538$37,480,015$9,113,592$629,693,029
93$1,327,010,995$39,071,526$9,173,887$692,633,246
94$1,462,113,389$40,733,303$9,228,485$761,943,165
95$1,610,988,265$42,468,546$9,276,950$838,270,426
96$1,775,040,168$44,280,604$9,318,828$922,328,639
97$1,955,816,895$46,172,983$9,353,638$1,014,904,108
98$2,155,024,110$48,149,352$9,380,877$1,116,863,240
99$2,374,541,449$50,213,550$9,400,016$1,229,160,717
100$2,616,440,260$52,369,597$9,410,500$1,352,848,489